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Rates are flat today. Today’s rates with no lender fees are 4.125% APR on a 30 year, 3.375% APR on a 15 year and 3.125% APR on a 10 year. (click here for details)

Today is a Harp2.0 update! The time has come to see what this program is all about. There is going to be an update to the automated underwriting systems this weekend that all lenders use to run your loan scenarios to get your loan approved. This weekends update will include the guidelines for the new and improved Harp 2.0 program.
Check it out in today’s video:

I know you have been hearing about this program for a while now and it’s finally time to see what the automated system and lenders will actually approve. The big one is going to be the appraisal waivers everyone is talking about. How easy will they be to get? I have heard some tricks to help loan officers get them but time will tell.
So, Monday is the big day and if you were looking into this type of loan you should be able to finally get the details you need to see what you will qualify for. Your lender will finally be able to price your loan as well.
Also, remember this product will vary from lender to lender. Some investors are not participating in this program and some have some major investor overlays. So, if your lender says they can’t do it or don’t have what you need don’t give up.
If this happens to you make sure you keep looking or email me and I will connect you with a lender that can help you. That’s what I do. Keep that in mind going into next week. Its Harp 2.0 time. This flood of loans into the market could cause delays for the rest of you out there. Make sure you discuss this with your loan officer.
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Let’s change the way people shop for a mortgage…forever!
– Mike
PS. To ask a question, get advice, or find out if you’re getting the best deal possible on your loan, just post a comment below. Daily comparison rates, calculators, and other cool features are available in the free Rates in Motion LoanApp by going to your smart phone and clicking on this link, activation code is 9203780002

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